Nepal requests UN to postpone LDC graduation until 2030 citing economic risks

Nepal defers LDC graduation plan - Peoples' Review

Kathmandu, May 23: Nepal has formally moved to delay its graduation from the Least Developed Country (LDC) category, saying it is not prepared to handle the economic and external pressures that would follow the transition. The Ministry of Foreign Affairs confirmed on Friday that Nepal has begun the process to defer its exit from the LDC group by at least three years, extending the timeline to November 2029. Foreign Minister Shisir Khanal sent a …

Nepal requests UN to postpone LDC graduation until 2030 citing economic risks

Kathmandu, May 22 (IANS) Nepal has formally requested the United Nations to defer its scheduled graduation from the Least Developed Country (LDC) category, citing mounting economic challenges, global uncertainties, and… Continue reading Nepal requests UN to postpone LDC graduation until 2030 citing economic risks The post Nepal requests UN to postpone LDC graduation until 2030 citing economic risks first appeared on Australia India News.